Business
Today’s guest is Kyle Mitchell, a Real Estate Entrepreneur who focuses on Multifamily Syndication and currently has $17MM AUM. He is the Managing Partner and Co-Founder of Limitless Estates, whose vision is to provide A-class living to lower-income housing by putting the residents first and instilling a sense of community while inspiring others to do the same.In this episode, we dive deep into Kyle’s story, strategies, and advice that both passive and active real estate investors can learn from.[00:01 – 04:30] IntroductionI talk briefly about great values that await you in this episodeI introduce the guest, Kyle MitchellKyle gives a bit of background about himselfHis career before real estate investingThe transition to real estate[04:30 – 13:36] Heading into Multifamily Real EstateKyle talks about their first apartment complex dealThey didn’t have any actual multifamily experience heading into the dealThe process of raising the capitalThe strategies and skills he used and learned in the processThings they’ve done differently heading into their second deal[13:37 – 20:43] Going Outside of Your Comfort ZoneExiting a job Kyle’s been in for over a decade to pursue real estateYou’ll never grow if you don’t go out of your comfort zoneKyle shares the important lessons he has learned throughout his journey (both in single-family and multifamily investments)[20:44 – 24:34] Closing SegmentQuick word from our sponsorsWhat is the best investment you've ever made other than your education?The 42-unit we got last year in Tucson.What is the worst investment you ever made?Single-family turnkeys in the Chicago marketWhat is the most important lesson that you've learned in business and investing?“It’s all about consistency.”Connect with Kyle online! See the links below.Final thoughts Tweetable Quotes:“You don’t know what you don’t know.” – Kyle Mitchell.“Make sure all your ducks are in a row before you even get the deal. Know who the team’s gonna be, know what you need to close, and if you have never done it before, bring someone on that does have experience so they can walk you through the process.” – Kyle Mitchell.“If you want to separate yourself from others and your competition, it sounds very simple, but the key is consistency. If you do things on a consistent basis, people will start to follow you and believe in you and see that you are serious.” – Kyle Mitchell. You can connect with Kyle on the Limitless Estates website. Listen to their podcast, Passive Income Through Multifamily Real Estate.LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes.